Supply classification: Activities specifying when transfers, leases, services and composite supplies are treated as goods or services. Schedule II specifies classification rules: transfers of title are supplies of goods while transfers of rights without title, treatment of another's goods, leasing or letting of land or buildings, use of business assets for private or non business purposes, and services such as renting immovable property, construction (subject to completion certificate/first occupation exception), IP licensing, IT software services, agreements to refrain, and hire of goods are treated as supplies of services. Composite supplies like works contracts and food/drink supplied as part of a service are services; unincorporated associations supplying goods to members are supplies of goods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Supply classification: Activities specifying when transfers, leases, services and composite supplies are treated as goods or services.
Schedule II specifies classification rules: transfers of title are supplies of goods while transfers of rights without title, treatment of another's goods, leasing or letting of land or buildings, use of business assets for private or non business purposes, and services such as renting immovable property, construction (subject to completion certificate/first occupation exception), IP licensing, IT software services, agreements to refrain, and hire of goods are treated as supplies of services. Composite supplies like works contracts and food/drink supplied as part of a service are services; unincorporated associations supplying goods to members are supplies of goods.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
